Final answer:
The advantage of arbitration is that it can lead to a more productive outcome, as it requires the mutual agreement of the parties involved, implying a commitment to resolve the dispute constructively.
Step-by-step explanation:
One advantage of the process of arbitration is that it enhances the chances for a productive outcome since the parties involved agree to the process. This mutual agreement to arbitrate often means the parties are more committed to resolving the issue and are less likely to be intransigent than in other dispute resolution processes that don’t require consent. This element of arbitration can provide a more amicable setting for dispute resolution and help ensure that all involved parties are working towards a solution. Unlike litigation, arbitration is generally a more streamlined and faster process, and with the arbitrators being experts in their field, decisions are typically well-informed and fair.